India’s Tata Sons has acquired a majority stake in online grocery retailer BigBasket. As Reuters reported Friday (May 28), this move puts the firm the same arena as Amazon, Walmart’s Flipkart and Reliance Industries. According to the news service, the stake was purchased by Tata...
India’s Tata Group will buy a 68 percent stake in online grocer BigBasket for about 95 billion rupees ($1.3 billion), the TV network ET Now reported. The deal provides a full exit for China’s Alibaba Group, which owned 27 percent of BigBasket. The action comes...
In a move that could help it better contend with Swiggy, Flipkart and Amazon, online grocer BigBasket has merged its two main businesses of planned next-day orders and on-demand 90-minute delivery. The idea is to supply broader product selections to shoppers in under four hours,...
Bigbasket, the Indian online grocery store operator, raised $150 million in a fresh round of venture funding, valuing the company at more than $1 billion. Chinese eCommerce giant Alibaba and South Korean investment firm Mirae-Naver led the round of funding, according to a report by...
September 27, 2022
Indian grocery delivery service BigBasket has launched a new funding round that could bring the company’s valuation to $3.5 billion. According to a report Tuesday (Sept. 27) by The Economic Times, sources say Tata Digital Ltd, a division of Tata Sons, and its investors will likely lead the funding round, which could exceed $200 million. […]
May 28, 2021
India’s Tata Sons has acquired a majority stake in online grocery retailer BigBasket. As Reuters reported Friday (May 28), this move puts the firm the same arena as Amazon, Walmart’s...
February 16, 2021
India’s Tata Group will buy a 68 percent stake in online grocer BigBasket for about 95 billion rupees ($1.3 billion), the TV network ET Now reported. The deal provides a...
September 27, 2019
In a move that could help it better contend with Swiggy, Flipkart and Amazon, online grocer BigBasket has merged its two main businesses of planned next-day orders and on-demand 90-minute...
